Trust Fund Committee Reviews Investment Performance for April-July 2026 and Conducts other Trust Fund Business

WASHINGTON, D.C. (September 24, 2026)– The Trust Fund Committee of the Trust Fund for the People of the Federated States of Micronesia (the Trust Fund) conducted its Fiscal Year 2026 fourth quarter meeting by videoconference on September 21 in Washington DC and September 22 in Pohnpei, Federated States of Micronesia. The Committee reviewed the Trust Fund’s investment performance for the quarter ending June 30 with updates to the time of the meeting and conducted other Trust Fund business.

For the quarter ending June 30, the Trust Fund had a net asset value of $2,171,712,254 and an investment return of 11.5%, net of fees, fiscal year-to-date (October 1-June 30; benchmark 10.2%). For July, the most recent complete month reported, the Trust Fund had a net asset value of $2,175,249,367 and gained 11.7%, net of fees, for the October-June period, (benchmark 10.1%). Since the inception of the Trust Fund in 2004, the Trust Fund has had an average annual rate of return of 6.8%, net of fees (benchmark 7.1%). The Trust Fund’s Investment Advisor, Cambridge Associates, also reviewed the market environment, investment outlook, portfolio performance and portfolio transition.

“Rigorous oversight and strategic portfolio management continue to yield positive results for the Trust Fund,” said Trust Fund Committee Chair Angel A. Demapan. “The Committee remains fully committed to transparent stewardship, prudent financial management, and ensuring that our operations fully support the enduring interests of the people of the FSM.”

The Committee also approved the FY 2027 investment and administrative expense budget and a service agreement with Bookminders, the Trust Fund’s accounting service.

The next quarterly Committee meeting will take place in December 2026.

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